Bunker Hill CUSD 8 holds $795k in long-term debt

Bunker Hill Community Unit School District 8 has $795,000 in debt, according to Illinois State Board of Education 2016 financial reports obtained by the West Central Reporter.

Because state law allows the district to borrow a total of $7,016,983, Bunker Hill CUSD 8 has reached 11.3 percent of its debt capacity.

The state limits how much school districts can borrow, capping their debt at a percentage of the district's property wealth, as determined by county and township assessors.

Community unit school districts are able to borrow up to 13.8 percent of their total property value, or Equalized Assessed Value (EAV). Elementary school districts are able to borrow up to 6.9 percent of their EAV.

However, school districts exceeding these debt caps are not punished or sanctioned, as the state has no enforcement mechanism in place.

In 2015, Bunker Hill 8, an unit school district, had an EAV of $50,847,704, according to ISBE.

The following table ranks debt held by area school districts.

School district

Maximum debt allowed

Current debt

Percentage used

West Washington Co CUD 10

$10,063,884

$25,125,000

249.7%

Lincoln ESD 27

$8,256,329

$9,535,000

115.5%

Knoxville CUSD 202

$13,516,550

$15,542,225

115%

Gillespie CUSD 7

$9,245,853

$10,312,763

111.5%

Delavan CUSD 703

$7,575,726

$7,355,000

97.1%

Damiansville SD 62

$1,146,341

$1,070,000

93.3%

Virginia CUSD 64

$4,868,067

$4,540,000

93.3%

Vandalia CUSD 203

$15,221,909

$14,111,900

92.7%

Galesburg CUSD 205

$56,147,000

$51,687,161

92.1%

South Pekin SD 137

$986,846

$800,000

81.1%

Griggsville-Perry CUSD 4

$5,105,368

$4,128,300

80.9%

Nokomis CUSD 22

$6,609,111

$5,340,000

80.8%

Germantown Hills SD 69

$10,989,945

$8,735,000

79.5%

Centralia HSD 200

$12,579,682

$9,933,439

79%

Triopia CUSD 27

$5,875,425

$4,580,435

78%

La Harpe CSD 347

$2,877,802

$2,150,000

74.7%

R O W V A CUSD 208

$10,948,235

$8,106,968

74%

Havana CUSD 126

$10,793,947

$7,610,137

70.5%

Calhoun CUSD 40

$5,575,386

$3,755,554

67.4%

Patoka CUSD 100

$4,895,587

$3,236,189

66.1%

Pleasant Hill CUSD 3

$3,486,525

$2,269,944

65.1%

Central SD 51

$17,530,817

$11,252,173

64.2%

Brown County CUSD 1

$11,214,992

$7,190,296

64.1%

Southwestern CUSD 9

$17,562,567

$11,185,592

63.7%

Aviston SD 21

$3,502,664

$2,129,800

60.8%

Porta CUSD 202

$21,418,567

$12,789,955

59.7%

Jacksonville SD 117

$53,792,936

$32,000,000

59.5%

Tremont CUSD 702

$15,678,745

$9,135,000

58.3%

N Pekin & Marquette Hght SD 102

$4,620,055

$2,670,000

57.8%

Wesclin CUSD 3

$18,524,662

$10,650,000

57.5%

South Central CUD 401

$7,623,325

$4,339,485

56.9%

Bartelso SD 57

$1,582,097

$897,000

56.7%

East Peoria SD 86

$25,591,260

$13,362,280

52.2%

Waverly CUSD 6

$6,717,552

$3,500,000

52.1%

South Fork SD 14

$2,721,254

$1,405,000

51.6%

Brownstown CUSD 201

$2,688,377

$1,351,117

50.3%

Central City SD 133

$1,140,542

$565,000

49.5%

Chester-East Lincoln CCSD 61

$5,091,728

$2,505,000

49.2%

Payson CUSD 1

$6,610,860

$3,115,900

47.1%

Washington CHSD 308

$33,725,419

$15,340,000

45.5%

North Wamac SD 186

$644,168

$282,000

43.8%

East Peoria CHSD 309

$31,341,508

$13,367,980

42.7%

Taylorville CUSD 3

$39,658,352

$16,443,591

41.5%

Washington SD 52

$10,194,594

$4,030,000

39.5%

Warsaw CUSD 316

$4,566,475

$1,795,000

39.3%

Panhandle CUSD 2

$8,557,361

$3,327,653

38.9%

Deer Creek-Mackinaw CUSD 701

$15,353,227

$5,852,747

38.1%

Selmaville CCSD 10

$2,298,019

$875,199

38.1%

St Elmo CUSD 202

$4,286,135

$1,632,000

38.1%

Monmouth-Roseville CUSD 238

$17,175,489

$6,490,072

37.8%

Morrisonville CUSD 1

$5,603,180

$2,085,000

37.2%

Western CUSD 12

$7,042,511

$2,608,881

37%

Salem SD 111

$6,217,492

$2,302,456

37%

West Lincoln-Broadwell ESD 92

$5,321,720

$1,935,000

36.4%

A-C Central CUSD 262

$6,823,379

$2,463,582

36.1%

Pikeland CUSD 10

$15,094,849

$5,423,536

35.9%

Rankin CSD 98

$4,041,730

$1,420,000

35.1%

Grant Park CUSD 6

$9,685,246

$3,293,911

34%

Mulberry Grove CUSD 1

$3,892,256

$1,310,003

33.7%

Ramsey CUSD 204

$3,351,280

$1,105,000

33%

North Mac CUSD 34

$16,512,981

$5,312,823

32.2%

CUSD 3 Fulton County

$5,871,969

$1,880,000

32%

Nashville CCSD 49

$7,656,215

$2,420,000

31.6%

Midwest Central CUSD 191

$11,974,787

$3,715,000

31%

Sandoval CUSD 501

$2,569,307

$795,000

30.9%

Willow Grove SD 46

$886,268

$263,000

29.7%

Hillsboro CUSD 3

$24,982,763

$7,215,000

28.9%

Centralia SD 135

$7,796,001

$2,235,000

28.7%

Creve Coeur SD 76

$4,145,692

$1,188,000

28.7%

Pekin CSD 303

$43,645,711

$12,360,000

28.3%

Breese ESD 12

$7,931,639

$2,237,000

28.2%

Athens CUSD 213

$16,640,488

$4,687,810

28.2%

United CUSD 304

$21,574,716

$6,070,000

28.1%

Lincoln CHSD 404

$20,406,678

$5,626,000

27.6%

Pana CUSD 8

$14,189,726

$3,889,000

27.4%

Astoria CUSD 1

$2,969,197

$755,000

25.4%

Iuka CCSD 7

$1,203,348

$300,000

24.9%

Quincy SD 172

$116,368,884

$28,399,255

24.4%

Illini Central CUSD 189

$11,124,973

$2,657,709

23.9%

CUSD 4

$8,804,767

$2,077,787

23.6%

Schuyler-Industry CUSD 5

$16,481,832

$3,812,393

23.1%

West Central CUSD 235

$16,785,730

$3,868,220

23%

Central A & M CUD 21

$12,571,931

$2,825,000

22.5%

Dallas ESD 327

$1,378,505

$290,000

21%

Stark County CUSD 100

$14,042,605

$2,917,613

20.8%

Farmington Central CUSD 265

$20,107,794

$4,017,777

20%

Beardstown CUSD 15

$8,029,513

$1,558,260

19.4%

Canton Union SD 66

$28,038,747

$5,306,336

18.9%

North Greene CUSD 3

$9,050,337

$1,692,947

18.7%

Litchfield CUSD 12

$17,593,154

$3,210,000

18.2%

Scott-Morgan CUSD 2

$2,756,247

$501,000

18.2%

Northwestern CUSD 2

$5,154,342

$875,000

17%

Albers SD 63

$1,670,337

$283,000

16.9%

Raccoon Cons SD 1

$2,335,060

$392,848

16.8%

Carrollton CUSD 1

$8,859,866

$1,477,835

16.7%

Carlinville CUSD 1

$20,691,509

$3,386,534

16.4%

New Holland-Middletown ED 88

$2,048,587

$325,000

15.9%

Morton CUSD 709

$76,466,953

$11,100,287

14.5%

Lewistown CUSD 97

$7,421,155

$1,055,000

14.2%

Pekin PSD 108

$32,751,682

$4,295,000

13.1%

Meredosia-Chambersburg CUSD 11

$3,833,849

$500,000

13%

Abingdon-Avon CUSD 276

$12,348,962

$1,584,993

12.8%

Kell Cons SD 2

$551,098

$70,000

12.7%

Macomb CUSD 185

$35,057,700

$4,431,478

12.6%

Robein SD 85

$1,944,179

$234,114

12%

Staunton CUSD 6

$14,901,371

$1,785,000

12%

Ashley CCSD 15

$1,426,482

$170,000

11.9%

Coulterville USD 1

$2,072,572

$243,000

11.7%

Nashville CHSD 99

$9,175,450

$1,065,000

11.6%

Bunker Hill CUSD 8

$7,016,983

$795,000

11.3%

District 50 Schools

$6,065,784

$605,000

10%

Bushnell Prairie City CUSD 170

$8,063,322

$631,313

7.8%

Carthage ESD 317

$5,010,571

$350,000

7%

Edinburg CUSD 4

$6,090,664

$415,000

6.8%

Spoon River Valley CUSD 4

$5,669,819

$372,441

6.6%

Salem CHSD 600

$11,993,989

$775,222

6.5%

Germantown SD 60

$2,431,021

$135,759

5.6%

Oakdale CCSD 1

$702,339

$37,715

5.4%

Irvington CCSD 11

$758,409

$40,000

5.3%

West Prairie CUSD 103

$12,625,795

$648,281

5.1%

Odin PSD 722

$1,758,255

$78,000

4.4%

Nauvoo-Colusa CUSD 325

$7,587,480

$325,000

4.3%

Central CHSD 71

$20,137,900

$845,000

4.2%

Carlyle CUSD 1

$18,633,727

$753,000

4%

Mt Pulaski CUSD 23

$15,190,238

$543,520

3.6%

Greenfield CUSD 10

$7,426,940

$235,000

3.2%

V I T CUSD 2

$4,853,654

$150,000

3.1%

Williamsfield CUSD 210

$10,969,468

$310,000

2.8%

Winchester CUSD 1

$6,199,861

$165,000

2.7%

Hamilton CCSD 328

$9,188,933

$215,000

2.3%

Bradford CUSD 1

$8,013,271

$150,000

1.9%

Mount Olive CUSD 5

$4,653,845

$13,022

0.3%

Hartsburg Emden CUSD 21

$5,596,203

$0

0%

Brussels CUSD 42

$2,732,033

$0

0%

Liberty CUSD 2

$7,842,686

$0

0%

Central CUSD 3

$11,353,327

$0

0%

Franklin CUSD 1

$7,718,863

$0

0%

Greenview CUSD 200

$5,328,488

$0

0%

Spring Lake CCSD 606

$835,169

$0

0%

Southeastern CUSD 337

$8,005,845

$0

0%

Illini West H S Dist 307

$9,307,154

$0

0%

St Rose SD 14-15

$1,922,906

$0

0%

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